Tag: student loans

The Supreme Court’s conservative majority has once again halted President Biden’s efforts to provide student debt relief, casting doubt on the future of the SAVE plan and the fate of millions of borrowers.

The new plan is an effort to fulfill a promise that President Biden made as a candidate in 2020.

Inside the bill lies a clause that could effectively pilot a broader campaign against the cancellation of student debts, starting with those incurred for flight training and education.

Kevin Carey’s job is funded by corporations that stand to lose so much from Biden’s cancellation of federal student loans deserves a disclosure from Vox.

More than 800,000 borrowers with debts outstanding for more than 20 years could have their student loans discharged.

In a 6-3 decision, the Supreme Court claimed that the Biden administration's plan lacked authority and overstepped the powers of the Education Department and instead needed to go through Congress.

This plan will eliminate student debt for near 20 million Americans and reduce debt for another 43 million people.

"It's not a slap in the face. It's a step in the right direction. We shouldn't be going [into] debt for getting an education."

"It's time to fix our broken student loan system and #CancelStudentDebt," said Sen. Elizabeth Warren.

A plurality of Americans under age 30 surveyed by Harvard Kennedy School's Institute of Politics support canceling all outstanding student loan debt.